Normal Valuation Sample Clauses

Normal Valuation. 23 12.2 Legal Restrictions on Transfer .................................................. 23 12.3
Sample 1
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Normal Valuation. For the purposes of this Agreement, the value of any security of GEOK as of the date of distribution to the Members (or, in the event such date is a holiday or other day which is not a business day, as of the next preceding business day) will be determined as follows: (a) a security which is listed on a recognized securities exchange or the National Market System will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; and (b) a security which is traded on the Nasdaq Bulletin Board will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; (c) a security which is traded over-the-counter (other than on the National Market System or the Nasdaq Bulletin Board) will be valued at the last "bid" price; and (d) all other securities will be valued on such date by the Managing Member at fair market value in such manner as it may reasonably determine.
Sample 1
Normal Valuation. For purposes of this Agreement, the value of any asset as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall be valued by the General Partner in good faith using methods it considers appropriate.
Sample 1
Normal Valuation. 33 10.2 Restrictions on Transfer or Blockage............................... 33 10.3 Write-down to Value................................................ 33
Sample 1
Normal Valuation. Unless otherwise contemplated by this Agreement, the value of any security as of any date (or in the event such date is a holiday or other day which is not a Business Day, as of the immediately preceding Business Day) shall be determined by the Investment Manager as follows: (a) Unless the Investment Manager determines otherwise, the value of an asset of the Partnership shall be its realizable market value net of any transaction costs (or the Investment Manager’s reasonable estimate of transaction costs) that would be incurred in realizing the asset’s value. (b) Where the Investment Manager values an asset of the Partnership at other than its realizable market value, or where there is no realizable market value, the valuation methods and policies applied by the Investment Manager must be capable of resulting in a calculation of a valuation that is independently verifiable. (c) Subject to the Investment Manager’s discretion, the valuation methodology for unlisted Investments shall be in accordance with the guidelines provided under the Financial Accounting Standards Board, Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, unless superseded by technical updates or newer standards which would then be applied. Unless otherwise contemplated by this Agreement, for purposes of the financial information (other than Capital Account balances) furnished to the Limited Partners pursuant to Section 10.3, all securities described in this Section 9.1 and valued as of the end of any fiscal quarter or year shall be valued as of the last trading day of such period.
Sample 1
Normal Valuation. For purposes of this Agreement, the value of ---------------- any security as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall, subject to the determination of the General Partner, be determined as follows (subject to Section 10.3): ------------ (a) a security which is listed on a recognized securities exchange or on the National Market System ("NMS") of the National Association of --- Securities Dealers, Inc. shall be valued at the average of their last "bid" prices on each trading day during the ten trading day periods ending immediately prior to and after the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; (b) a security which is traded over-the-counter (other than on the NMS) shall be valued at the average of their last "bid" prices on each trading day during the ten trading day periods ending immediately prior to and after the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; or (c) all other securities shall be valued on such date at Fair Market Value.
Sample 1
Normal Valuation. For purposes of this Agreement, the ---------------- value of any security as of any date (or in the event such date is a holiday or other day which is not a business day, as of the immediately preceding business day) shall be determined as follows: (a) a security which is listed on a recognized securities exchange or The NASDAQ National Market ("NASDAQ") shall be valued at the average of its last ------ "bid" price on each trading day during the five trading day periods ending immediately prior to the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; (b) a security which is traded over-the-counter (other than on NASDAQ) shall be valued at the average of its last "bid" price on each trading day during the five trading day periods ending immediately prior to the date of determination, or if no sales occurred on any such day, the mean between the closing "bid" and "asked" prices on such day; and (c) all other securities shall be valued on such date at fair market value in such manner as the Managers determine proper.
Sample 1
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Normal Valuation. For the purposes of this Agreement, the value of any security of Flotek as of the date of distribution to the Members (or, in the event such date is a holiday or other day which is not a business day, as of the next preceding business day) will be determined as follows: (a) a security which is listed on a recognized securities exchange or the National Market System will be valued at its last sales price or, if no sale occurred on such date, at the last "bid" price; and (b) a security which is traded over-the-counter (other than on the National Market System) will be valued at the most recent "bid" price; and (c) all other securities will be valued on such date by the Managing Member at fair market value in such manner as it may reasonably determine.
Sample 1

Related to Normal Valuation

  • Annual Valuation The Trust shall annually, at least 30 days prior to the anniversary date of establishment of the Fund, furnish to the Grantor and to the Agency a statement confirming the value of the Trust. Any securities in the Fund shall be valued at market value as of no more than 60 days prior to the anniversary date of establishment of the fund. The failure of the Grantor or the Agency to object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and the Agency shall constitute a conclusively binding assent by the Grantor, barring the Grantor from asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

  • Customs Valuation The Parties shall determine the customs value of goods traded between them in accordance with the provisions of Article VII of the GATT 1994 and the WTO Agreement on Implementation of Article VII of the GATT 1994.

  • Formal Evaluation All formal evaluations of personnel shall be conducted openly and with full knowledge of the employee concerned by an administrator or supervisor of the District.

  • Annual Evaluation The Partnership will be evaluated on an annual basis through the use of the Strategic Partnership Annual Evaluation Format as specified in Appendix C of OSHA Instruction CSP 00-00-000, OSHA Strategic Partnership Program for Worker Safety and Health. The Choate Team will be responsible for gathering required participant data to evaluate and track the overall results and success of the Partnership. This data will be shared with OSHA. OSHA will be responsible for writing and submitting the annual evaluation.

  • Formal Level (1) Level I - within fifteen (15) days after the occurrence of the alleged violation, misinterpretation, or misapplication of a provision of this Agreement, the grievant must present the grievance in writing on the approved form or lose the right to grieve. The form shall contain a clear, concise statement of the grievance, including the provision or provisions of this Agreement alleged to have been violated, misinterpreted, or misapplied; the circumstances involved, the decision rendered at the informal level, and the specific remedy sought. The immediate supervisor shall hold a hearing with the grievant, and shall communicate the decision in writing to the grievant within seven (7) days after receiving the grievance. In the event the immediate supervisor fails to conduct a hearing and render a decision in writing within seven days, the grievant shall notify the Superintendent, who shall convene a hearing with the immediate supervisor and the grievant within seven (7) days after notification, and direct the immediate supervisor to render a decision in writing. Such a directed decision shall be made within three (3) days. (2) Level II - In the event the grievant is not satisfied with the decision at Level I, the grievant may appeal the decision on the approved form to the Superintendent or his/her designee within seven (7) days of the receipt of the Level I decision. The form shall include a copy of the original grievance, the decision at Level I, and a clear and concise statement of the reason for the appeal. The Superintendent or his designee shall hold a hearing with the parties and render a written decision within ten (10) days of the receipt of the appeal. (3) Level III - In the event the grievant is not satisfied with the decision at Level II, the Association may advise the District within seven (7) days of receipt of the Level II decision of its intent to request a mediator from the California State Conciliation Mediation Service.

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean: (a) If the Company's Common Stock is traded on an exchange or is quoted on the National Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ"), National Market System, the NASDAQ SmallCap Market or the American Stock Exchange, LLC, then the closing or last sale price, respectively, reported for the last business day immediately preceding the Determination Date; (b) If the Company's Common Stock is not traded on an exchange or on the NASDAQ National Market System, the NASDAQ SmallCap Market or the American Stock Exchange, Inc., but is traded in the over-the-counter market, then the average of the closing bid and ask prices reported for the last business day immediately preceding the Determination Date; (c) Except as provided in clause (d) below, if the Company's Common Stock is not publicly traded, then as the Holder and the Company agree, or in the absence of such an agreement, by arbitration in accordance with the rules then standing of the American Arbitration Association, before a single arbitrator to be chosen from a panel of persons qualified by education and training to pass on the matter to be decided; or (d) If the Determination Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation, dissolution or winding up pursuant to the Company's charter, then all amounts to be payable per share to holders of the Common Stock pursuant to the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per share in respect of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all of the shares of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.

  • Pricing and Portfolio Valuation All expenses of computing the Fund 's net asset value per share, including any equipment or services obtained for the purpose of pricing shares or valuing the Fund 's investment portfolio.

  • Valuation The Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company’s internal valuation and no warranties are made as to value. The Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber’s investment will bear a lower valuation.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis. (2) Apply equalization accounting as directed by the Fund. (3) Determine net investment income (earnings) for the Fund as of each valuation date. Account for periodic distributions of earnings to shareholders and maintain undistributed net investment income balances as of each valuation date. (4) Maintain a general ledger and other accounts, books, and financial records for the Fund in the form as agreed upon. (5) Determine the net asset value of the Fund according to the accounting policies and procedures set forth in the Fund’s current prospectus. (6) Calculate per share net asset value, per share net earnings, and other per share amounts reflective of Fund operations at such time as required by the nature and characteristics of the Fund. (7) Communicate to the Fund, at an agreed upon time, the per share net asset value for each valuation date. (8) Prepare monthly reports that document the adequacy of accounting detail to support month-end ledger balances. (9) Prepare monthly security transactions listings.

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